Uncrystallised funds definition

Uncrystallised funds means the member’s Plan funds that have not yet been designated to provide retirement or death benefits.
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Uncrystallised funds means the funds in your PIA which have not been used to provide retirement or death benefits.
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Examples of Uncrystallised funds in a sentence

  • Uncrystallised funds will be tested against your available lifetime allowance and a lifetime allowance charge of 55% applies to any lump sum death benefit that exceeds this limit.

  • Uncrystallised funds pension lump sum – is a lump sum paid to you from a money purchase arrangement on or after 6 April 2015 which meets certain conditions.

  • Uncrystallised funds pension lump sum (UFPLS)If you take an UFPLS, either within the first 30 days or subsequently, and then change your mind, you must return the full UFPLS to us within 30 days from the date you receive the cancellation notice.

  • Uncrystallised funds can be used to purchase an annuity, pay an Uncrystallised Funds Pension Lump Sum or pay a Pension Commencement Lump Sum combined with remaining funds being used to provide income payments via flexi-access drawdown.

  • The proposed rule addresses this problem by allowing transfer from the district where compliance is sought to the “issuing district,” that is, the district where the case is pending.

  • Uncrystallised funds pension lump sum If you take an uncrystallised funds pension lump sum, one quarter of the amount paid will normally be tax-free, the remainder will be taxable as pension income.

  • Uncrystallised funds pension lump sumThis allows you to take a lump sum from uncrystallised funds within your SIPP, limited as noted above, which is normally tax-free and the balance is assessable income for tax purposes.The lump sum must be paid in one go.

  • Uncrystallised funds pension lump sum (UFPLS)If you take an UFPLS either within the first 30 days or subsequently, and then change your mind, you must return the full UFPLS to us within 30 days from the date you receive the cancellation notice.

  • Uncrystallised funds pension lump sumThis allows a Member to take a lump sum from their uncrystallised funds within the SSAS, 25% of which is normally tax-free and the balance is assessable income for tax purposes.

  • Full Name Uncrystallised funds are those funds from which you have not yet taken any benefits.

Related to Uncrystallised funds

  • External floating roof means a storage vessel cover in an open tank top consisting of a double deck or pontoon single deck which rests upon and is supported by the petroleum liquid being contained and is equipped with a closure seal or seals to close the space between the roof edge and tank shell.

  • Internal floating roof means a cover or roof in a fixed-roof tank that rests upon or is floated upon, the liquid being contained, and is equipped with a closure seal or seals to close the space between the roof edge and the tank shell.

  • Regulated Funds means the Existing Regulated Fund, the Future Regulated Funds and the BDC Downstream Funds.